Opec aims to influence the global price of oil by agreeing how much its oil members sell. When they agree to sell more it is ...

Every time gas inches above $4 a gallon, you start running the math at the pump. An extra $20 to fill the tank, $200 more a month if you commute. That math is not a Wall Street abstraction. It is the ...

FRANKFURT, Germany (AP) — The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major ...

Petrol rates have been hiked for the past three consecutive months due to a rally in global oil rates, rising nearly 50% between February and May ...

After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster when the current Hormuz crisis is over, according to analysts at Barclays. In a surprise ...

OPEC has lowered its forecast for global oil demand growth in 2026, citing weaker consumption in advanced economies and signs of moderation in Asia, even as supply disruptions and price volatility ...

OPEC 12 output decreased by 9667 kb/d from Feb 2026 to April 2026, with the largest decreases from Saudi Arabia, Iraq, Kuwait ...

Oil production among OPEC members has fallen more than 30%, or 9.7 million bpd, since the Iran war started in late February. OPEC also lowered its demand growth forecast for 2026 to around 1.2 million ...

FRANKFURT, Germany — The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence ...